Yes, we can.

scaeagles · 10-14-2008, 07:10 AM

Fair question, Moonliner, and it has no simple or quick answer. I will when I have more time (as in not at work).

ISM, here's a news flash for you. For the tax year 2006....

Top 1% of wage earners (above $388,000) paid 39.89% of all federal income taxes.

Top 5% of wage earners (aggregate with the 1%, above $153,000) paid 60.14% of all federal income taxes.

The top 10% paid 70.79%, the top 25% paid 86.27%. The bottom 50% paid 2.99%.

Being that this is the case, how can it be said that the top wage earners are not paying enough, or that the taxes from the middle class has been a redistribution of wealth from the middle to the rich?

10-14-2008, 07:10 AM	#11
scaeagles I LIKE! Join Date: Jan 2005 Posts: 7,819	Fair question, Moonliner, and it has no simple or quick answer. I will when I have more time (as in not at work). ISM, here's a news flash for you. For the tax year 2006.... Top 1% of wage earners (above $388,000) paid 39.89% of all federal income taxes. Top 5% of wage earners (aggregate with the 1%, above $153,000) paid 60.14% of all federal income taxes. The top 10% paid 70.79%, the top 25% paid 86.27%. The bottom 50% paid 2.99%. Being that this is the case, how can it be said that the top wage earners are not paying enough, or that the taxes from the middle class has been a redistribution of wealth from the middle to the rich?
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